China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (5165)	7/21/2005 5:59:20 PM
From: Sun Tzu	Read Replies (1) of 6370

As a rule I am against funny money because that means the people who deliver hard work get nothing more than some printed paper...that aside, I think it is in China's best interest to fix RMB to some form of basket as I described. It will allow the country to have many of the advantages of floating currencies without most of the disadvantages they present to a developing country. >> So that will the time that China can develop its economy by printing<g>, just like what the US is doing right now! US power is based on it being the "world" currency. Unless China can get OPEC to quote oil only in RMB, it's not going to happen. So not a chance. BTW, someone once told me he calculated the value of the free money printing press US has to be $500B...seems rather excessive to me, but even half as much of that is way more than most country's GDP.

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